MercadoLibre, Inc. (NASDAQ:MELI) Receives $2,886.25 Consensus Target Price from Analysts

Shares of MercadoLibre, Inc. (NASDAQ:MELI) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $2,880.00.

MELI has been the subject of a number of research reports. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Barclays increased their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Benchmark lowered their price objective on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group cut their target price on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research report on Monday, November 24th.

Insiders Place Their Bets

In related news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Henrique Vasoncelos Dubugras sold 845 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,136 shares of company stock valued at $2,308,788 over the last quarter. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On MercadoLibre

Several hedge funds and other institutional investors have recently bought and sold shares of MELI. Laurel Wealth Advisors LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC acquired a new position in MercadoLibre in the 4th quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new position in MercadoLibre during the second quarter valued at $29,000. Curio Wealth LLC acquired a new position in MercadoLibre in the 4th quarter valued at approximately $30,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $32,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Stock Down 0.6%

Shares of MELI opened at $1,996.55 on Tuesday. The stock has a market capitalization of $101.23 billion, a PE ratio of 48.72, a P/E/G ratio of 0.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre has a 1 year low of $1,723.90 and a 1 year high of $2,645.22. The company’s 50-day simple moving average is $2,062.53 and its 200-day simple moving average is $2,183.42.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.